GOLD/ CORRECTION MOVE
The price recently experienced an upward movement, nearing the target of 2840, with a recorded high of 2830. After reaching this level, a pullback occurred, and the price is now consolidating around the 2811 support zone. This level has shown signs of holding, suggesting a potential stabilization phase before another attempt to move higher.
If the price maintains support at 2811, it is likely to reverse upward, targeting the 2840 resistance level, which has been a key level of interest. A further breakout above 2840 could drive the price toward the next major resistance at 2859, aligning with the upper boundary of the current structure.
However, caution is advised, as a break below 2814 would indicate weakness and could trigger a deeper decline. In such a scenario, the price might extend its downward movement toward the 2782 support level, which has acted as a significant stabilization zone in previous sessions.
Tendency Keys: 2812
Resistance Line: 2840, 2859
Support Line: 2782, 2757, 2732
If the price maintains support at 2811, it is likely to reverse upward, targeting the 2840 resistance level, which has been a key level of interest. A further breakout above 2840 could drive the price toward the next major resistance at 2859, aligning with the upper boundary of the current structure.
However, caution is advised, as a break below 2814 would indicate weakness and could trigger a deeper decline. In such a scenario, the price might extend its downward movement toward the 2782 support level, which has acted as a significant stabilization zone in previous sessions.
Tendency Keys: 2812
Resistance Line: 2840, 2859
Support Line: 2782, 2757, 2732
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With Clear entry point and target line with stopout zone
~900 pips per week —— Accuracy more than 88%
with best learning
Be Stronger With us
THANKS for your support
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
about 4 Analysis per day.
With Clear entry point and target line with stopout zone
~900 pips per week —— Accuracy more than 88%
with best learning
Be Stronger With us
THANKS for your support
With Clear entry point and target line with stopout zone
~900 pips per week —— Accuracy more than 88%
with best learning
Be Stronger With us
THANKS for your support
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.